Fried Frank has announced year-end and special bonuses for its associates and special counsel in its New York office. The numbers are consistent with those previously announced by other firms.
But whether this is a true market match is unclear, since the firm is a bit vague with respect to what percentage of associates will receive “special” bonuses. From the memo: “We will also be paying a one-time special bonus to associates on a discretionary basis based on performance…”
Read the full memo, after the jump.
Sent: Tuesday, November 06, 2007 3:13 PM
To: NY Associates & Special Counsel
Cc: NY Partners
Subject: Associate Bonuses
To: All New York Associates
From: Valerie Jacob
On behalf of the firm, we would like to thank you for your continued hard work and dedication to the firm and its clients. You play an important part in the overall success of the firm and the partners greatly appreciate your contributions.
In recognition of your efforts, we are pleased to announce that the firm will pay year-end and special bonuses as set forth in the attached memorandum.
All such bonuses will be paid on December 14, 2007.
Thank you again.